Low interest rates keep property re-possessions in UK under control but rising unemployment remains

Discussion in 'UK Property' started by Nicholas Wallwork, Aug 20, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Low interest rates and determination by property lenders to help resolve mortgage payment problems are keeping the number of arrears and repossessions in the UK manageable but few experts predict that the situation is going to improve much.

    The latest figures from the Council of Mortgage Lenders show that the number of mortgage re-possessions fell in the second quarter of the year and arrears levelled off but the organisation is warning that the property lending industry must not be complacent.



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